Higher turnover for Dutch hotels and restaurtants
The Netherlands is known for its beautiful sites and awesome tourist opportunities which is why it is such a hotspot for travelers. Due to this large surge of tourists that are attracted to the country, the economy has benefited from it in more than one way. Hotels and restaurants in particular have experienced a 1.3% turnover increase in the third quarter of 2016. This marks a wonderful opportunity for investors who are interested in the hospitality or catering businesses.
Hotel industry in the Netherlands
From the second quarter of 2016 to the third quarter the hotel industry experienced a 3.1% increase in turnover. At the moment the hospitality industry is taxed at 21% and food and non-alcoholic beverages are taxed at a rate of 6%. A tourist tax of 5,00 EUR is incurred to visitors of the Netherlands.
Catering industry in the Netherlands
The third quarter of 2016 marked important economic results for the catering industry. Pubs and restaurants have reported an increase of 0.7% and snack bars experienced a 0.6% increase. Statistics Netherlands found that the reason for these increases was as a result of tourists booking extra nights on their holiday and spending more money on refreshments. Consumers did not seem to react negatively on the price increases that took place and this sector flourished.
If you have any queries or questions regarding the hotel or catering industry in the Netherlands, please contact us today. We will be able to give you more information about how your restaurant or hotel can benefit from this thriving economy and what you need to do to open a Dutch restaurant or hotel.
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